India's Ujjivan Small Finance Bank rises on strong loan, deposits growth

Ujjivan Small Finance Bank

06/10/2022 08:24

** Shares of Ujjivan Small Finance Bank  UJJI.NS  climb as
much as 5.18% to 24.35 rupees, their highest since Sept. 23
    ** UJJI said Thursday its gross loan book for Sept-quarter
rose 44% y-o-y to 209.38 bln Indian rupees ($2.6 billion)
    ** Sept-qtr total deposits rose 45% to 203.89 bln rupees,
while disburments rose 56% to 48.67 bln rupees
    ** Collection efficiency in Sept. was 100% vs 99% in Aug.
    ** More than 5.8 mln shares traded by GMT 0710, vs their
30-day avg 6.2 mln shares
    ** Eleven of 12 brokerages rate the stock "buy" or higher, 1
"hold"; their median PT is 28 rupees - Refinitiv data
    ** Stock up 24.5% YTD as of last close
 
 ($1 = 81.7225 Indian rupees)
 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))